If you are in the United States and receive a Social Security benefit, chances are you are already at an advanced age. Despite this, not all retirees are over age 62. This is the minimum retirement age, but there are special cases, such as disability benefits. Even so, you should always keep in mind that anything that means a retirement will require a series of extra income.
It is difficult to achieve a retirement with no income other than the monthly check from the Social Security Administration. This is only possible if you maximize your benefit, but it’s something that doesn’t work for everyone. If you are in a difficult situation and to the following questions you answer yes, going back to work is an option to be able to live with more peace of mind.
Social Security Retirement Questions
These questions are really simple to understand, which is why this quiz is so useful. If you happen to answer yes to all or most of them, it’s time to change your approach, either by going back to work or looking for a source of extra income.
- Are your savings running out fast? If you had savings and they are slowly being lost, you have a problem. You may need higher Social Security or you may need to go back to work. We must be careful not to run out of money in the middle of the month. It is important that savings not run out too quickly.
- Do you wake up at night because of financial problems? Having trouble sleeping because we think about our finances is a very bad sign. It is not possible to live well if we have this problem constantly. It may be time to ask to go back to work because Social Security is not enough.
As a last piece of advice, going to a financial advisor can be a very good idea. There they will be able to benefit you with your specific case so that you can analyze the situation. This way you will have the necessary information to know if you should stop collecting Social Security and go to work or not.